STB ON THE BEACH said:
OK,,You DVC members - DH and I have yet to listen to Disney's pitch on this....What exactly is their vacation club??? And, how do you accumulate points then spend them???
first of all if you buy into it you identify me as the person who referred you so i can get whatever little perk they are offering now
the way it works: you buy a set number of points at a set per point price for one of the specific vacation club locations (some are long sold out and only available as a home resort through resale). you are given an assigned use year for your yearly accumulation of points but within specific quidelines you can bank points to the next use year as well as borrow from the following (so you could end up having 3 years worth of points available at a given time)-this is how we cruise on points. your "home resort" is the place you can reserve at the earliest, any of the others open up for reservations x number of days out (kind of like the tier system
dcl is now using for making on-line reservations). you can also use points for stays at selected wdw and dl resort hotels, trade outs to holland america (limited choices) cruiseline, and lots of national and international higher end resorts, safari's, bike trips...
in addition to paying for points you also pay dues each year (maintainance and taxes).
most of our contracts exprire in 2042 but there are some for brand new properties that are a bit longer.
you also get-discounts on pap's, some store and restaurant discounts, some wdw activity discounts (like dh's upcoming epcot dive), free parking...
lots of people like that they can use the "villa" style accommodations (1 br has a full washer/dryer, full kitchen) which run in the $300 per nite range for cash reservations.
it's def. not for everyone, but we figured that by the time we've paid the initial note off we'll still have about 30 years of use with only the dues to pay each year.
on, and the charts come out each year that show the point cost for all of the resorts/vacation homes-there are low, middle and high seasons and the point per day cost can vary (this is what we like about the program-we don't have to use all of our points during a particular time of year or all at once, we can break our time up into multiple vacations in multiple locations).